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Mortgage Rates Drift Near Historic Lows Ahead of Election

Mortgage Rates Drift Near Historic Lows Ahead of Election

Friday, 30 October 2020
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U.S. long-term mortgage rates didn’t change much in the week before the U.S. presidential election, hovering close to an all-time low set a week earlier. So reports the Associated Press. Read more...
Forbearances Inch Above 3 Million for First Time in Weeks

Forbearances Inch Above 3 Million for First Time in Weeks

Friday, 30 October 2020
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Mortgage forbearances have been on the rise once again, according to Black Knight. Read more...
Rocket’s Lendesk Acquires Finmo Financial Technologies

Rocket’s Lendesk Acquires Finmo Financial Technologies

Friday, 30 October 2020
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Rocket Companies subsidiary Lendesk Technologies has unveiled its acquisition of Finmo Financial Technologies, which offers a digital mortgage service to Canadian brokers. Read more...
Bodnar of MMG: Still About the Stimulus

Bodnar of MMG: Still About the Stimulus

Friday, 23 October 2020
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Is it on or is it off? Bill Bodnar of the Mortgage Market Guide (MMG) discusses the status of the stimulus and its impact whether it comes now or after the election. Read more...
Weekly Forbearance Numbers See Modest Improvement: Black Knight

Weekly Forbearance Numbers See Modest Improvement: Black Knight

Friday, 23 October 2020
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Forbearance volumes saw a modest decline, falling by 11,000 from the week prior. Read more...
Existing Home Sales Post Biggest Jump in 14 Years

Existing Home Sales Post Biggest Jump in 14 Years

Friday, 23 October 2020
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The National Association of Realtors has announced that U.S. existing home sales climbed 9.4% in September to a seasonally adjusted annual rate of 6.54 million. So reports Business Insider. Read more...
CFPB Extends QM Patch Until Replacement Is Ready

CFPB Extends QM Patch Until Replacement Is Ready

Friday, 23 October 2020
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The Consumer Financial Protection Bureau has announced a final rule that extends the “QM patch” for Fannie Mae and Freddie Mac until whenever a successor is ready. So reports the Scotsman Guide. Read more...
FHFA’s Calabria Defends Refinance Fee as Necessary

FHFA’s Calabria Defends Refinance Fee as Necessary

Friday, 23 October 2020
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Federal Housing Finance Agency director Mark Calabria has detailed his defense of a new 0.5% fee on refinances, set to take effect on December 1. So reports Bankrate.com. Read more...
Mortgage Rates Slip to 11th All-Time Low of 2020

Mortgage Rates Slip to 11th All-Time Low of 2020

Friday, 23 October 2020
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U.S. long-term mortgage rates keep hitting new record depths amid market strains from the COVID-19 pandemic and the presidential race. So reports MarketWatch. Read more...
Bodnar of MMG: How Will the Next Stimulus Impact the Mortgage Biz?

Bodnar of MMG: How Will the Next Stimulus Impact the Mortgage Biz?

Monday, 19 October 2020
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Bill Bodnar of The Mortgage Market Guide says we will most likely get a stimulus package after the election. Read more...
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